Invesco Shuns Asian Bonds as Fed Tightening Keeps UBS Asset AwayBy
Rise in bond yields capped by slower growth, inflation in Asia
Fed tightening gives Asia less room to ease on outflow risk
Invesco Ltd. and UBS Asset Management aren’t adding to their holdings of Asian local-currency sovereign bonds for the time being as they see yields in most markets rising in tandem with U.S. Treasuries.
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